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Yorbeau Resources Inc.
Summary
| Project: | Scott Lake | |
|---|---|---|
| Deposit: | Scott Lake | |
| Location: | Canada | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 2/14/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-2-2017: Yorbeau Resources Inc. announces a Resource Estimation report for its Scott Lake deposit at the Scott Lake project. Resource estimate for Scott project tripled in update. Roscoe Postle Associates Inc. (RPA) was retained by Yorbeau Resources Inc | |
| Resources: | (Resource, Ind.): 3.556Mt @ 0.9%Cu, 4.2%Zn, 0.2g/t Au, 37g/t Ag at Scott | |
| CP/QP: | [Resources]: William Roscoe, Katherine Masun (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | Roscoe Postle Associates Inc. (RPA) was retained by Yorbeau Resources Inc. (Yorbeau) to prepare an independent Technical Report on the Scott Lake Project (the Project or the Property), located in northwestern Québec, Canada. The purpose of this report is to support the disclosure of an updated Mineral Resource estimate for the Project. This Technical Report conforms to NI 43-101 Standards of Disclosure for Mineral Projects. RPA visited the property on October 26 and 27, 2016. The Property consists of three non-contiguous claim blocks consisting of 129 claims covering a total area of approximately 6,337 ha located approximately 20 km southwest of the town of Chibougamau, Québec, and approximately 500 km north of Montreal, Québec. The property is accessible by a network of secondary roads extending from Highway 113. On February 2, 2015, Yorbeau acquired the Property from Cogitore Resources Inc. (Cogitore). Currently, the Project contains a number of zinc-copper-gold silver massive sulphide and stringer sulphide zones located in northwestern Scott Township. The Project is at the Mineral Resource development stage. RPA is of the opinion that the Yorbeau drilling programs carried out from 2015 to date have increased confidence in the continuity of the mineralization and have shown that there is potential for other discoveries. The discovery of the massive sulphide Gap Zone and the extension of the Scott Lake Stringer Sulphide Zone to the west are good examples, and have contributed most of the significant increase in tonnage in the current Mineral Resource estimate from the previous estimate completed by RPA in 2011. Continued exploration, primarily by diamond drilling, is abundantly warranted for the Property. | |
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